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Guide to GSTR-1 Filing

Guide to GSTR-1 Filing

All persons required to be registered under GST and having GST registration must file GSTR-1 on the 10th of each month. GSTR-1 or return of outward supply would contain item wise detail of goods and services supplied with HSN or SAC codes, supply with respect to all B2B transactions, details of all inter-state supplies of B2C transactions above Rs.2.5 lakhs and all other invoices of less than Rs.2.50 lakhs with state wise summary details of all B2C transactions. In this article, we look at GSTR-1 in detail.

Requirement for Filing GSTR-1

According to Section 32 of the GST Model Law, “Every registered taxable person, other than an input service distributor, a nonresident taxable person and a person paying tax under the provisions of section 9, section 46 or section 56, shall furnish, electronically, in such form and manner as may be prescribed, the details of outward supplies of goods or services effected, during a tax period on or before the tenth day of the month succeeding the said tax period and such details shall be communicated to the recipient of the said supplies within the time and in the manner as may be prescribed”

GSTR-1 Filing Not Required

So as per the above rule of the GST Model Law, Input Service Distributor, Non-Resident Taxable Person and Persons paying tax under Section 9, Section 46 and Section 56 are not required to file GSTR-1 filing as per the above terms. However, they are still required to file GST returns as per other terms mentioned in the relevant section.

Input Service Distributor

According to the GST Model Law, Input Service Distributor is defined as an office of the supplier of goods and / or services which receives tax invoices issued under section 28 towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of CGST (SGST in State Acts) and / or IGST paid on the said services to a supplier of taxable goods and / or services having same PAN as that of the office referred to above”.

All Input Service Distributors who are taxable person registered as an Input Service Distributor are required to file GST return within thirteen days after the end of such month.

Non-Resident Taxable Person

According to the GST Model Law, Non-Resident Taxable Person is a taxable person who occasionally undertakes transactions involving supply of goods and/or services whether as principal or agent or in any other capacity but who has no fixed place of business in India.

All GST registered non-resident taxable person for every calendar month are required to file GST return, electronically, within twenty days after the end of a calendar month or within seven days after the last day of the validity period of registration, whichever is earlier.

Section 9 – Composition Levy

Section 9 of the GST Model Law pertains to composition levy, wherein a taxable person having less than Rs.50 lakh aggregate turnover in the previous financial year can pay GST liability by paying an amount calculated at a rate as prescribed by the Government, but not less than 2.5% in case of a manufacturer and 1% in any other case, of the turnover in a State during the year.

Such persons falling under Section 9, are required to file GST Returns as prescribed, electronically, of inward supplies of goods or services, tax payable and tax paid within eighteen days after the end of such quarter.

Section 46 – Tax Collection at Source

All GST registered taxpayers falling under Section 46, who are required to deduct tax at source are required to file GST return for the month in which such deductions have been made along with the payment of tax so deducted within ten days after the end of such month.

How to File GSTR-1

All registered taxpayers can file GSTR-1 electronically through the GST Common Portal or through GST facilitation Centre. GSTR-1 return must contain details like:

Invoice wise details of all:

Inter-State and intra-State supplies made to registered persons;

Inter-State supplies with invoice value more than two and a half lakh rupees made to unregistered persons;

Consolidated details of all:

Intra-State supplies made to unregistered persons for each rate of tax; and

State wise inter-State supplies with invoice value less than two and a half lakh rupees made to unregistered persons for each rate of tax; and

Debit and credit notes, if any issued during the month for invoices issued previously.

Once GSTR-1 is filed, the details of outward supplies furnished by the supplier would be made available automatically to the concerned recipient mentioned in the invoice to facilitate matching of records with Part A of FORM GSTR- 2A, in FORM GSTR-4A and in FORM GSTR-6A. Also, the details of inward supplies added, corrected or deleted by the recipient in his FORM GSTR-2 under section 38 or FORM GSTR-4 under section 39 is made available to the supplier electronically in FORM GSTR-1A through the Common Portal for acceptance or rejection or modification.